When Ripple Labs successfully appealed the dispute mentioned by the Securities and Exchange Commission (SEC), XRP, the sixth largest crypto asset by market value, had rebounded.

XRP rose by about 20% because the court ruled that the SEC should provide Ripple as evidence document.

On September 29, XRP soared from the bottom point of $0.4266 to the highest point of $0.5109 within a few hours, creating a rise of 19.76%.

XRP was slightly lower than yesterday's peak, and the transaction price after writing was 0.4785 US dollars.

In the ruling released on Thursday, the SEC boycotted William Hinman, its former chief financial officer, from making an interested speech, but the trademark was rejected. Hinman indicated in his speech in 2018 that ETH is not a security measure. The US Securities and Exchange Commission filed a lawsuit against Ripple at the end of 2020, claiming that the third-party payment platform sold XRP as unregistered securities.

After the regional judge Analisa Torres made a decision, expert scholar James K. Filan said that the SEC could adopt various countermeasures to delay time compliance management.

"The U.S. Securities and Exchange Commission (SEC) has a lot of process cards. They can play this card and try to further delay following the instruction to provide Indian document information.

First of all, they have the right to request Shevchenko's chief judge to carefully consider the order to overthrow the negative opinion of the SEC. Secondly, they can bypass the administrative reconsideration resolution and only require her to confirm the prosecution of his decision announced today.

Third, they were able to submit the Mandamus writ for help to the prosecution court. As I mentioned earlier, these are all ideas of low probability of success.

If the Securities and Exchange Commission (SEC) wants to delay the preparation of file information, it may try everything or even all the practical operations, which may require additional 2 to 3 months to solve. "

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